Get a local merchant account in Malta. Accept all major credit cards.
QuadraPay is a merchant-centric provider that aims to offer cost-effective credit card payment processing solutions for online and retail businesses in Malta. We offer European as well as local merchant account services in Malta. At QuadraPay, we believe that our merchant account solutions can be extremely beneficial for Malta-based merchants from various industries, including those in the crypto and gaming sectors.
We offer a variety of credit card merchant services in Malta. These include credit card acquiring services, point-of-sale payment terminals, virtual terminals, and mobile payment processing solutions. Our solutions give merchants in Malta the ability to accept payments in over 100 currencies.
Low-cost credit card processing helps our merchants save money. Our low-cost payment processing solutions are available to existing businesses as well as startups. Businesses already accepting payments may be able to reduce their credit card processing rates with our solutions.
Our connections with international as well as Malta-based credit card processing companies give us the ability to easily provide excellent products to merchants. Apart from conventional credit card payment processing, our solutions also include alternative payment methods, such as buy-now-pay-later (BNPL) solutions and bank transfer solutions.
A high-quality merchant panel allows businesses to get deep insight into real-time transaction data. Merchants can easily generate reports of transactions, refunds, and chargebacks.
Features and benefits of merchant account in Malta
Our Malta merchant account solutions offer a wide range of features and benefits for a better payment processing experience. We provide a hassle-free onboarding process, ensuring businesses can start accepting credit card payments quickly. Our fast onboarding solutions enable businesses to accept credit card payments in a very short span of time. Our Malta-based merchant service provider partners offer 24/7 support, ensuring merchants have access to consistent support from a dedicated team. Our solution boasts affordable pricing with transparent structures and no hidden charges, making it the perfect choice for your business in Malta.
If your requirements are unique, we can offer customized payment solutions in Malta. Multicurrency processing makes accepting international transactions easy. Our competitive pricing for multiple payment methods helps boost profits for your business. The powerful API offers better customization. Developers can easily use the API to write code that matches the look and feel of the payment page to the merchant’s brand. Ready-to-use plugins offer an easy, no-coding integration process.
Fast settlement of funds helps ensure efficient cash flow. To minimize friction, we offer an omnichannel payment solution in Malta that includes e-commerce, mobile, and face-to-face POS payments. All of our partners follow robust security measures to ensure the confidentiality of transaction information. This commitment to compliance keeps our partner providers fully compliant with card processing rules.
All the above-mentioned features provide the much-needed resources to increase sales revenue, improve customer satisfaction, and reduce the cost of card payments.
Supported Industry Types for Merchant Card Services in Malta
QuadraPay provides merchant account solutions to various business types in Malta, including high-risk categories such as crypto, dating websites, trade shows, gaming, forex, and prop trading. Whether you operate a retail store, an online platform, or a service-oriented business, QuadraPay has a credit card payment processing solution for you. Our retail POS payment terminals are highly beneficial for businesses such as supermarkets, stationery shops, gift shops, souvenir shops, and restaurants.
KYC Documents for Payment Gateway in Malta
The primary requirement is that the applying entity must be legal. The underwriting team will request a set of documents to evaluate the merchant’s risk profile, financial strength, reputation, and political exposure. The required documents include business registration proof, identification proof for all directors and Ultimate Beneficial Owners (UBO), utility bills for the business and directors’ addresses, bank statements, recent processing statements, and a bank letter or void cheque. If the merchant applies for an online merchant account, domain registration proof is also necessary.
For merchants operating a retail business requiring a physical card processing terminal, pictures of the store are also required. Additionally, the merchant will fill out a merchant account application form. In cases where the merchant operates in license-driven industries such as travel, adult, airline, CBD oil, gaming, online pharmacy, or crypto exchange, relevant licenses or certificates are also needed.
Rates and fees for payment solutions in Malta
Our Malta merchant account pricing is not fixed; instead, it is transparent. Each card type has a fixed interchange cost, making accepting consumer cards a lot cheaper than accepting corporate cards. Thus, our solutions come with an interchange++ pricing model, giving you a clear picture of how much you will be paying for each card-type transaction. However, if interchange++ pricing appears to be complex for you, we can also provide highly competitive fixed or tiered pricing models. Please keep in mind that high-risk merchant accounts in Malta cost a little bit more than regular accounts.
FAQ Related to Merchant Credit Card Services in Malta
What is the process for opening a merchant account in Malta?
To open a merchant account in Malta, you will need to sign an agreement with a merchant account provider in Malta. This acquiring company will handle all credit card transactions for you. You need to provide business documents for the bank to evaluate your application. While it’s possible to get a merchant account directly from a bank in Malta, this process can be time-consuming. Using a payment service provider can simplify the process.
How can established businesses in Malta get lower rates for card processing than what they are already paying?
Merchants that have been accepting credit card payments for the last 6 months can apply with QuadraPay to potentially secure better pricing. Our team will submit your application to various payment processors, allowing them to review your profile. We will then connect you directly to the payment service provider, enabling you to negotiate and secure better pricing for your business’s credit card processing requirements.
How long does it take to get a merchant account in Malta?
In most cases, for low-risk merchants, getting an approved merchant account in Malta usually takes 1 to 2 business days. However, if the merchant’s profile is high-risk, it may take up to a week to get approval. To improve approval chances and reduce processing time, ensure you submit all KYC documents at once. Also, promptly respond to any additional requests made by the payment processor.
How do banks and payment service providers (PSPs) verify the activities of online companies using Maltese merchant accounts?
Before approving the account, underwriters perform a strict evaluation to ensure only genuine merchants obtain a Maltese merchant account. Additionally, the payment processors we work with adhere to the latest PCI standards, crucial in reducing fraud. Once approved, the merchant remains under proactive monitoring. If anything suspicious is identified, steps including placing a hold on further transactions may be taken. Therefore, it is important to use the merchant account wisely.
Why do merchants from Europe prefer merchant accounts from Malta?
Many merchants from other European nations prefer Malta for credit card processing because Malta is known for being one of the industry leaders in financial services. The availability of multiple merchant acquiring institutions in one country gives it perfect recognition as the financial services capital of the European Union.
Get In Touch With QuadraPay Today For Enhanced Merchant Account in Malta.
Taking the first step towards a much-improved experience, our Malta payment processing specialists are ready to assist in setting up your merchant account. QuadraPay’s collaboration with leading merchant acquiring service providers establishes a rock-solid foundation, ensuring an excellent credit card processing experience for your customers. With easy integration, fast onboarding, and competitive pricing, QuadraPay offers an efficient and streamlined solution. Don’t miss out on the opportunity to elevate your payment processing experience – connect with QuadraPay today.
